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  • Holly Roundtree CPA

2019 – 08/19 – Should you elect S corporation status?

Operating a business as an S corporation may provide advantages, including limited liability and no double taxation (at least at the federal level). Self-employed people may also be able to lower their exposure to Social Security and Medicare taxes. But not all businesses are eligible and, with tax law changes, S corps may not be as appealing as they once were. Double taxation may be less of a concern due to the 21% flat income tax rate that now applies to C corporations, while the top individual rate is 37%. On the other hand, S corp owners may benefit from the new qualified business income (QBI) deduction, which can equal as much as 20% of QBI. Contact us for more information.

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Holly C Roundtree, CPA, PLLC


Tel: 972-404-4434

Email: holly_roundtree@hcroundtreecpa.com​

Address: 13355 Noel Road, Suite 1960, 
One Galleria Tower
Dallas, Texas 75240

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